John Laney
1098 for a Family member Loan
Hello, Last year my dad gave me a 100k full recourse loan, at fair market interest rate, for a primary residence.Looking at IRS pub 1098 https://www.irs.gov/pub/irs-pdf/i1098.pdf It looks like we need to fill out a 1...
Sanjay Gupta
TurboTax Home and Business
I flipped property in 2017. We had two partners and used our personal name when buying. At time of buying, we did not have LLC setup.later on we have LLC and LLC taxes are taken care by CPA.How do we report sale of pr...
Sonu Sharma
Owner Finance as an individual vs as an LLC
Hi, I am planning to owner finance a home for the first time in the DFW metro area. I have so far bought a few homes under my own name vs buying them through an LLC. I haven't setup an LLC yet.
Can we even owner fina...
Jenny Bayless
Open house vs individual showings for rentals
Hi BP
We’ve entered almost our second full year of self managing our properties, and by far, placing the right tenant in our properties is the most stressful part of self-managing in my opinion.
We live an hour each...
Nancy D.
Landlord and Tenant agreements after ownership changes into LLC
Hi,I'm considering deeding my investment properties into individual land trusts, and then assigning my beneficial interest in the land trusts to individual LLCs to provide asset protection. My real estate attorney ha...
Clifford R Fowles
Property Management: Where's the profit?
When does it make sense to get a property manager? Working the numbers, and considering a possible annual vacancy, it seems to zap out entire profit for the year if we are paying 10%, then one month of rent for a one-...
H. James Lee
1031 Exchange Vesting Issue
Piggybacking this great post:https://www.biggerpockets.com/blogs/5070/37244-103...Question #2: Can my spouse and I sell a property that we own personally and buy a replacement property in a LLC that is owned by both o...
Christian Hilbrich
Calling all Debt-to-Income specialists!
Property: Airbnb Condo in MontanaTitle: in LLC (Bought in 3 partners personal names Chris, Tim & Gabe. Warranty Deed transfered to LLC.)Loan 1 - Mortgage: guarantors: Chris, Tim, Gabe (Second Home loan 20% down)L...
Gabriel Cardoz
Hard Money Lender for Individual
Is there a hard money lender for individual that does not qualify for traditional loan?
Kevin Brinkmann
Valuation, 1099/1098 Reporting, Retirement vs Non-Retirement Acct
Good Afternoon to all! Working through some questions as I finish my first individual Note purchases with my Individual 401(k) and was hoping the community would give me a hand in clarifying my thoughts some. Wanted...